bankman1948

I am a retired Bank of America Regional Chief Appraiser that was always concerned with what was going to happen when the bottom fell out because of the Community Reinvestmen Act. It was obvious to even a moron that when you loan money to people who cannot afford to pay it back, you would lose money. Our investments have done exceptionally well because when the bottom fell out, we rode it out and bought more when prices were low. Panic and investing do not go hand in hand as you need guts to make money.